C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Shares Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC grew its stake in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 60.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,683 shares of the transportation company's stock after buying an additional 7,406 shares during the quarter. Convergence Investment Partners LLC's holdings in C.H. Robinson Worldwide were worth $2,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHRW. Auto Owners Insurance Co boosted its position in shares of C.H. Robinson Worldwide by 36.0% in the 1st quarter. Auto Owners Insurance Co now owns 12,787 shares of the transportation company's stock worth $1,309,000 after purchasing an additional 3,387 shares in the last quarter. Accredited Investors Inc. lifted its holdings in shares of C.H. Robinson Worldwide by 20.1% during the 1st quarter. Accredited Investors Inc. now owns 112,931 shares of the transportation company's stock valued at $11,564,000 after buying an additional 18,904 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of C.H. Robinson Worldwide by 42.4% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 93,005 shares of the transportation company's stock worth $9,524,000 after purchasing an additional 27,700 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of C.H. Robinson Worldwide by 481.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 11,872 shares of the transportation company's stock worth $1,216,000 after purchasing an additional 9,829 shares in the last quarter. Finally, Guidance Capital Inc. increased its stake in C.H. Robinson Worldwide by 17.1% in the 1st quarter. Guidance Capital Inc. now owns 9,857 shares of the transportation company's stock worth $1,009,000 after buying an additional 1,442 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

C.H. Robinson Worldwide Price Performance

Shares of CHRW stock traded down $0.46 during trading hours on Friday, hitting $102.71. The stock had a trading volume of 1,416,860 shares, compared to its average volume of 997,261. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $114.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The stock's 50-day moving average price is $96.76 and its two-hundred day moving average price is $97.26. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.70 and a beta of 0.89.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last announced its earnings results on Wednesday, April 30th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.15. C.H. Robinson Worldwide had a return on equity of 35.37% and a net margin of 2.93%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. Equities analysts forecast that C.H. Robinson Worldwide, Inc. will post 4.83 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 6th were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.41%. C.H. Robinson Worldwide's payout ratio is 59.33%.

Analyst Ratings Changes

A number of research analysts recently commented on CHRW shares. UBS Group lowered their price target on shares of C.H. Robinson Worldwide from $130.00 to $129.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. Robert W. Baird initiated coverage on shares of C.H. Robinson Worldwide in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $105.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of C.H. Robinson Worldwide from $118.00 to $121.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Wolfe Research upgraded shares of C.H. Robinson Worldwide from a "peer perform" rating to an "outperform" rating and set a $112.00 target price for the company in a research report on Tuesday, July 1st. Finally, Evercore ISI lowered their target price on shares of C.H. Robinson Worldwide from $119.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, C.H. Robinson Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $114.29.

Insider Activity

In related news, insider Angela K. Freeman sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $97.42, for a total value of $555,294.00. Following the completion of the sale, the insider owned 71,441 shares in the company, valued at approximately $6,959,782.22. The trade was a 7.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company's stock.

C.H. Robinson Worldwide Profile

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.